FAQs about Development Economics (Audio):How many episodes does Development Economics (Audio) have?The podcast currently has 321 episodes available.
December 12, 2016Cowen/Yglesias: Why Is the Rent So Damn High?You’ve no doubt heard it before: the rent is too damn high!In major cities across the United States, rent prices have been skyrocketing for some time. As a percentage of median income, rent is much higher for those that choose city life over suburbia.......more10minPlay
October 04, 2016Cowen/Tabarrok: Will Machines Take Our Jobs?Technological innovation has long triggered fears of mass unemployment. In fact, we’ve been worried about machines coming to take our jobs for over two centuries. Time and time again, these fears have proven unfounded. Automation frees up those......more10minPlay
September 12, 2016Cowen/Tabarrok: Rent or Buy?Owning a home is a huge part of the American Dream. But is the dream of homeownership really all it’s cracked up to be?In this new Econ Duel from Marginal Revolution University, Professors Tyler Cowen and Alex Tabarrok weigh in on the issue. Each......more7minPlay
March 08, 2016Econ Duel: Is Education Signaling or Skill Building?What’s the point of education?Do you learn about things, because the learning itself matters, or is education all about the signal you -- and your degree -- send out to the world? Is education really about building skills, or does it serve only to......more10minPlay
September 23, 2015SignalingA signal is an action that reveals information. Let’s look at higher education, for example. A large fraction of the value you receive from your degree comes on the day you earn your diploma. Your expected wages don’t increase with each class you......more7minPlay
September 23, 2015Solutions to Moral HazardWhat are some solutions to moral hazard? We could try to make information less asymmetric — meaning both parties have similar information, making it harder for one party to exploit the other. We could also try to reduce the incentive of the agent to......more6minPlay
September 23, 2015Moral HazardImagine you take your car in to the shop for routine service and the mechanic says you need a number of repairs. Do you really need them? The mechanic certainly knows more about car repair than you do, but it’s hard to tell whether he’s correct or even......more5minPlay
September 23, 2015Asymmetric Information in Health InsuranceIn this video, we discuss asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health insurance consumers come in a range of health, but to insurance companies, everyone has the same average......more8minPlay
September 23, 2015Asymmetric Information and Used CarsGeorge Akerlof, a Nobel Prize-winning economist, analyzed the theory of adverse selection – which occurs when an offer conveys negative information about what is being offered. In the market for used cars, Akerlof posited that sellers have more......more3minPlay
June 26, 2015The Tragedy of the CommonsIn this video, we take a look at common goods. Common resources are nonexcludable but rival. For instance, no one can be excluded from fishing for tuna, but they are rival — for every tuna caught, there is one less for everyone else. Nonexcludable but......more11minPlay
FAQs about Development Economics (Audio):How many episodes does Development Economics (Audio) have?The podcast currently has 321 episodes available.